Information Collection; Inventory Property Management, 23218 [2010-10191]

Agencies

• DEPARTMENT OF AGRICULTURE
• Farm Service Agency

[Federal Register Volume 75, Number 84 (Monday, May 3, 2010)]
[Notices]
[Page 23218]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-10191]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection; Inventory Property Management

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is seeking comments from all interested 
individuals and organizations on the extension of a currently approved 
information collection that supports Inventory Property Management. The 
information is used to evaluate applicant requests to purchase 
inventory property, determine eligibility to lease or purchase 
inventory property, and ensure the payment of the lease amount or 
purchase amount associated with the acquisition of inventory property.

DATES: We will consider comments that we receive by July 2, 2010.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number, the OMB control 
number, and the title of the information collection of this issue of 
the Federal Register. You may submit comments by any of the following 
methods:
     Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 
0523, 1400 Independence Avenue, SW., Washington, DC 20250-0503.
     E-mail: lee.nault@wdc.usda.gov.
     Fax: 202-690-0949.
    You may also send comments to the Desk Officer for Agriculture, 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Washington, DC 20503. Copies of the information collection may 
be requested by contacting J. Lee Nault at the above address.

FOR FURTHER INFORMATION CONTACT: J. Lee Nault, Loan Specialist, Farm 
Service Agency, (202) 720-6834.

SUPPLEMENTARY INFORMATION:
    Title: (7 CFR part 767) Farm Loan Programs--Inventory Property 
Management.
    OMB Number: 0560-0234.
    Expiration Date: 11/30/2010.
    Type of Request: Extension of a currently approved information 
collection.
    Abstract: FSA's Farm Loan Programs provide supervised credit in the 
form of loans to family farmers to purchase real estate and equipment 
and finance agricultural production. Inventory Property Management, as 
specified in 7 CFR part 767, provides the requirements for the 
management, lease, and sale of security property acquired by FSA. FSA 
may take title to real estate as part of dealing with a problem loan 
either by entering a winning bid in an attempt to protect its interest 
at a foreclosure sale, or by accepting a deed of conveyance in lieu of 
foreclosure. Information collections established in the regulation are 
necessary for FSA to determine an applicant's eligibility to lease or 
purchase inventory property and to ensure the applicant's ability to 
make payment on the lease or purchase amount.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimated Annual Number of Respondents: 280.
    Estimated Number of Responses per Respondent: 1.04.
    Total Annual Responses: 290.
    Estimated Total Annual Burden Hours: 432.
    We are requesting comments on all aspects of this information 
collection and to help us to:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of FSA, including whether the 
information will have practical utility;
    (2) Evaluate the accuracy of FSA's estimate of burden including the 
validity of the methodology and assumptions used;
    (3) Enhance the quality, utility and clarity of the information to 
be collected;
    (4) Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology.
    All comments received in response to this notice, including names 
and addresses when provided, will be a matter of public record. 
Comments will be summarized and included in the submission for Office 
of Management and Budget approval.

    Signed at Washington, DC, on April 20, 2010.
Jonathan W. Coppess,
Administrator, Farm Service Agency.
[FR Doc. 2010-10191 Filed 4-30-10; 8:45 am]
BILLING CODE 3410-05-P